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Asymmetric punishments for group deviations in the infinitely repeated Cournot model

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  • Aramendia, Miguel

Abstract

We define in-and-out strategies which care about group deviations in a noncooperative way in the setting of infinitely repeated symmetric Cournot models with discounting. The subgame perfect equilibrium folk theorem holds when it is restricted to these strategies.

Suggested Citation

  • Aramendia, Miguel, 2008. "Asymmetric punishments for group deviations in the infinitely repeated Cournot model," Economics Letters, Elsevier, vol. 99(2), pages 246-248, May.
    • Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:246-248
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    References listed on IDEAS

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    1. Wen, Quan, 1994. "The "Folk Theorem" for Repeated Games with Complete Information," Econometrica, Econometric Society, vol. 62(4), pages 949-954, July.
    2. Abreu, Dilip, 1988. "On the Theory of Infinitely Repeated Games with Discounting," Econometrica, Econometric Society, vol. 56(2), pages 383-396, March.
    3. Drew Fudenberg & Eric Maskin, 2008. "The Folk Theorem In Repeated Games With Discounting Or With Incomplete Information," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 11, pages 209-230, World Scientific Publishing Co. Pte. Ltd..
    4. Abreu, Dilip & Dutta, Prajit K & Smith, Lones, 1994. "The Folk Theorem for Repeated Games: A NEU Condition," Econometrica, Econometric Society, vol. 62(4), pages 939-948, July.
    5. Aramendia, Miguel, 2006. "Asymmetric finite punishments in repeated games," Economics Letters, Elsevier, vol. 92(2), pages 234-239, August.
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